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Fueling Up: Gas utility sets 'tight budget' with $18 million revenue; FY 2014 highlights heavy construction

(c)2013 NPT PHOTO BY DAVID POPIEL

With snow and temperatures in the 30s on Monday, customers were driving
to the Newport propane walk-in station at Jefferson-Cocke County Utility
District. Jonathan Sane was one of several employees working in the cold
this week.
Published: 7:01 PM, 03/29/2013
 

Author: David Popiel
Source: The Newport Plain Talk

This year, Fiscal Year 2014, for Jefferson-Cocke County Gas Utility District promises to be an active construction year, as more people are paying attention to the low cost of the popular fuel.

District commissioners approved the FY 2014 budget during the March meeting at which JCCUD General Manager Tommy Bible said the budget "was very tight" yet the utility should show a slight income.

"It's a big construction year for us," he said, detailing at least half a dozen major projects both in Cocke and Jefferson counties with work starting this spring.

The budget projects $18.1 million in revenue largely from the sale of natural gas and propane with income of $45,000. State utility overseers require public utilities to make a profit, and, if they don't for two consecutive years, they are classified as distressed.

Forty percent of the sales generating more than $7 million will come from industry interruptible customers such as ConAgra, Bush Brothers, Sonoco and others.

For more details, please see the weekend edition of the Newport Plain Talk.

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